China outbound travel gives hope to global economic recovery
With growth projected to rise to 5.2 percent in 2023, China can play a vital role in stimulating global growth
The confidence and potential of China's tourism consumption will be released rapidly and the market will embrace a considerable recovery this year, according to Shen Jiani, a senior researcher with the Ctrip Research Institute.
With the gradual increase of international flights and the increasing convenience of travel at home and abroad, tourism will see a significant market boom in the May Day holiday this year.
In addition to outbound tourism, China's domestic consumption had experienced a massive increase. During the seven-day holiday, more than 300 million domestic tours were made in China.
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